Qatari stock alert

QATAR

CLOSING UPDATE: Masraf Al - Rayan decreases 0.9%, led Bank sector lower 18 October 2017 13:23 AST

NEWS BITES - MIDDLE EAST & NORTH AFRICA

This is an end of day Alert, produced after today's Qatar market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Masraf Al - Rayan, Qatar's 2nd largest bank by market capitalisation, has decreased 0.9% to trade at QAR35.48 vs. the Bank sector which weakened 10.2 points (or 0.1%) to 10,299.9. Representing a weighting of about 13.7% of the sector, the stock accounted for the loss. Trading volume was 33% of average at the end of the day. Compared with the QE Index which fell 13.6 points (or 0.2%) in the day, this represented a relative price change of -0.8%.

Technical indicators complementing today's significant downtrend:

+ The negative 0.63 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ The price decreased 1.5% in the last week and dropped 2.7% in the last month.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

+ Price/Earnings of 12.8 [9.8]

+ Price to Book of 2.1 [1.4]

+ Year-on-Year Earnings Growth of 0.4% [2.8%]

Note

Masraf Al - Rayan today is at a discount of 21.9% to the 12-month high of QAR45.40 on 30 May, 2017. It is at a premium of 12.7% to the 12-month low of QAR31.48 on 14 Nov, 2016.

Bullish Signals:

The company is cash rich with Cash to Market Capitalisation at 13.7%.

Interest cover is less leveraged at 6.8 times.

Tobin's Q Ratio is 0.3. Compared with the rest of the market the stock is undervalued.

As per the Du Pont analysis, Return on Equity of 16.1% is better than sector average of 12.8%.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

Price/Earnings/Growth of 1.87 [3.5]

Dividend yield of 5.6% [3.8%]

Return on Equity 16.1% [12.8%]

Return on Assets 2.3% [1.6%]

TODAY'S ALERT

Morning Alert: Masraf Al - Rayan increases 0.2%

18 October 2017 10:06 AST

Masraf Al - Rayan (QE:MARK) has increased 8.0 Dirham (or 0.2%) to trade at QAR35.89.

RECENT ALERTS

CLOSING UPDATE: Masraf Al - Rayan decreases further 0.5%

16 October 2017 13:23 AST

Masraf Al - Rayan, Qatar's 2nd largest bank by market capitalisation, traded on volume of 0.7 times average today while the price decreased 36.0 Dirham (or 1.0%) to trade at QAR36.08. Compared with the QE Index which fell 41.4 points (or 0.5%) in the day, this represented a relative price change of -0.5%.

Morning Alert: Masraf Al - Rayan decreases 0.5%

16 October 2017 10:06 AST

Masraf Al - Rayan (QE:MARK) traded on volume of 0.3 times average so far today while the price decreased 18.0 Dirham (or 0.5%) to trade at QAR36.26.

Masraf Al - Rayan (QA:MARK; QD:MARK)

ISIN: QA000A0M8VM3

PermID: 4295886916

Source: www.BuySellSignals.com